NERVOUS - dealing with the pdls- Experienced advice needed

I have not dealt with PDL Assistance but I did speak with Langhorne. Personally, I didn't like what they were telling me. You have to educate yourself, go with your gut and do what is best for you. Many of us have done this ourselves and successfully. I am sure that someone who is more knowledgeable about the laws governing PDLs in your state will be along to advise. I don't feel comfortable interpreting those laws and I don't want to give you wrong advice. For myself, I live in New York and PDLs are prohibited. I enlisted the help of the processors but I am still not clear on how they play into legal states. Hang in there. Help is on the way. . .and. . .don't beat yourself up, we have all been there, done that. Chin up.

If it were me, I would go through the process of dealing with these PDL companies myself. I have heard pro's and con's about pdl assistance, and am not quite sure what is true and what isn't. This is a fairly new company, and I can see by reading your post you have a few companies which are not licensed/legal. They are a royal pain to work with [some of your pld's], and due to the fact that some of these are not licensed/legal, PDL Assistance has very little legal ground to back them up. That alone would indicate to me that their [PDL Assistance] negotiation power is slim to none unless these illegal/unlicensed pdl's are willing to work with them. Will they work with PDL Assistance? It's had to say and basically falls upon their decision to do so, or not. That's just my opinion and doesn't mean that you shouldn't pursue what is best for you. :D Good luck !! We are here for you either way!!

Well, these are my immediate plans:

I'm calling PDL Assistance in the morning and I will explain to them that I really WANT to stay on their system, but am going to need some kind of reassurance in order to do so. I'm leaning towards asking for a supervisor. HOW can you reassure me of the following:
1. That you deal with the specific companies I mention. Someone isn't telling the truth and I don't want to believe the wrong person
2. You're a fairly new company, how can you reassure me that you know what you're doing?
3. WHY DO THE COMPANIES HAVE TO CALL YOU INSTEAD OF YOU CALLING THEM?!?! (that one really gets me, it wasn't explained that way when I signed up).

If my warning signals start going off, I'm going to cancel, try getting my money back, and deal with these myself; which brings me to this:

How do I go about doing that?

I've already closed my checking account, so they arn't getting any more money out of me at the moment. What would be next... and really... what CAN they do?

I'm with Shazz on this one. They are going to do exactly the same thing that you will do. . .negotiate. You've already taken the first step by closing your bank account. Send out your C and D letters and trust me, that will set the wheels in motion. Good luck with your decision.

The first thing I didn't like about the PDL consolidation companies was the fact that they would "hold" my money until "they" had enough to pay the PDL. I am willing to bet that their "fees" were being deducted up front and when the remainder showed up that would go to the PDL. It just seemed all too sketchy and creepy for me. I was done dealing with creepy groups and I had just got back control of my money. I wasn't about to give it over to a different creepy group that I really didn't know anything about.

Kellerwerks, you can do it yourself! I too was looking into going with PDL Assistance but soon became fustrated and turned off with their customer service practices. You can do it yourself believe me! I had 11 PDLs and now have 1 I am dealing with. I did it all on my own and only did it in 2 months time. I saved tons of money too! This forum helped me out tremendously and I am still working on getting my much deserved refunds from these loan sharks! It does get a little fustrating at times, but when you have the LAW on your side. Why pay some one money for something you can do yourself for free. Like I said PDL Assistance is a counterpart of Fidelity Reserve Corp, so you can look them both up on the BBB. I have heard of them helping customers in the past, so they DO work! But if you taken measures on your own with these PDLs already. What's to say you can't take it further and settle them on your own? Think about it! Best of luck in your decision!! :)

Here is some more info on PDL Assistance if you need it:
http://www.debtconsolidationcare.com/paydayloan/about46883.html

I don't know much about this company but what I would do is research what others have to say about them on the forums, taking heed of the positives and the negatives. And as for doing it yourself, it works well for some and others feel better going with a company. I went with Langhorne to become PDL free--but you have to do what works for you.

i am with everybody else...i would really try to do it yourself....there is lots of help here...i am a non confrontational person and hated doing it myself...but i did and it doesnt even phase me to call them out anymore...

I did not go through a "program" in order to pay off my pdl's but there are many that have and I am sure it helped. I recieved my infomation that I needed from this website here and put it to use and it worked for all 5 of them and now I have been Payday Loan free for about a year now.

I say lets start a PDLA group. Pay Day Loan Annonymous Group so that we can help each other and share what we have learned. Maybe that is what we are already doing just without the name.....Am I making sense?

Thanks,
Luke

Luke you make MUCH sense! This forum is great and we need to help as much folk as we can.

Very true anyaroberts, very true. I am glad to be a part of this website/forum for over a year now and I would not be where I am now which is a much better place if I was not here.



Luke

Well, I called them this morning (talked to a young lady named Rebecca)- for the time being I'm going to stick with them. They assured me that they DO deal with MTE, Zip19 and CashNetUSA, who were the big three I had worries about, and also told me if any of these went to a third party collection agency then I could just refer the collection agency to them - and no collection agency had refused to deal with them so far.

I was told the parent company had been around for four years and the pdl division was about a year old.

They said they don't contact companies themselves (most of the time) because the companies think they're getting some kind of loan, when in actuality its my money that they're getting from a stored up savings account, and they won't get it all at once.

AOM they had not heard of before, they said that they would contact them and make them aware that they were dealing with me. That made me feel better.

I'm playing this by ear. I probably could do it for myself, but would prefer to do it this way if it works due to my busy lifestyle. We'll see how it goes.

Comments are still welcome.

I hope all this works out in your favor, please keep us posted on your progress !! Good luck!! :)

Good Luck either way Kellerwerks! I am glad you got the reassurance you were seeking. Please keep us informed. :wink:

I got a letter in the mail yesterday from NPA (National Processing of America), who are collecting on behalf of American Consumer Credit (ACC). I called them this morning and spoke with Heather. It was a lot more cordial an experience than I was expecting.
She said she would contact PDL Assistance, but that I should be careful as they had yet to receive a power of attorney from them for any client, and if they didn't receive one in thirty days then they would be contacting me again. She also told me that I could settle directly with them just as well as I could with PDL - basically the same thing people here have been saying.
Gotta say, she sounded like she was willing to work with me and I felt pretty good after talking to her - nothing scary like what I've been getting up to now.

Yes Kellerwerks, it is comforting when people are polite. PDL Assistance told me I could send my first payment to them Western Union, and make it attention some guys name :? I found this strange so I was concerened about sending them any money at all. I eventually withdrew from their program and did it myself. As far as them sending your PDLs the power of attorney and C&D letters, that was supposed to go out immediately when your first payment cleared. Well that was explained to me by them anywayz. I would contact PDL Assistance and get some answers.

keller, is PDL Assistance dealing with your "illegal" pdls?? For instance, MTE?? Now, my own opinion is to deal with the illegal companies yourself. JUST MY OPINION. The reason I say this is because why in the world would you pay a company to settle with an illegal company? They will probably pay them an amount you legally do not owe, and you're paying the company to pay the pdl money that isn't legally owed. Am I making sense? The only thing that bothers me regarding people using companies (and I have nothing negative to say about people that do!) is that the companies usually end up paying illegal pdls money that doesn't need to be paid. I hope I'm making sense here! :?

cannr . . .you are making perfect sense to me. That is exactly why I didn't go with Langhorne. They told me they would not be able to settle with them for anything less than $200 over what I had already paid! They also told me that the attorney was a former PDL attorney and he knew the ropes. If he did, and was well aware of what the PDLs do, then why would he be so "generous" with my money and give it back to the PDL? I swear to good God, I think they are all in this together. Good luck to keller.

cannr, my sweet cannr, how r you girl, missed you very much. :lol: :D :hug:

I even asked PDL Assistance and Langhorne if they would settle with the Ilegal overpaid companies or call them out using my state laws and legal obligations. Both stated it depends :evil: Depends on what? That was enough for me :lol:

Cannr (or anyone else),
I live in Texas. Can you tell me just HOW illegal MTE are in this state, or are they illegal nationwide? Who else on my list is illegal? I know that CashnetUSA ARN'T illegal (and located close by, apparently :? ), but don't know about any of the others... or how this comes in to play where my state's laws are concerned.

I called PDL Assistance this morning, and they said that NPA hadn't contacted them yet. I'm going to wait until Monday morning and call both parties again - to see if NPA has tried to get a power-of-attorney and see if PDL has sent them one.

In the meantime, I have another concern, one of my creditors is Centruion (Loan Point USA), and I found this posted elsewhere on board regarding them:

One thing to be aware of, and I'm not saying this to scare anyone.

Geneva Roth, aka Loan Point USA, has a habit of finding new bank accounts and taking the money. I'm pretty sure they do this by checking consumer reports. They will know you closed the old account, and can watch your Chexsystems report to see what banks have recent inquiries. That will let them know your new bank. So for peice of mind, I'd suggest you open an account at a bank that doesn't use Chexsystems. Check out our banking forum here, and MCA can hook you up with a list of banks in your area that don't use it.

Well, I checked and my new bank DOES use Chexsystems - not sure how they could get my account or routing number from that, but there you go. They haven't done it yet, but I'd like to know how I can avoid anything happening in the future without going to another bank again.

Also, still interested in answers to the questions I posted in the message above this one.

If any PDL that have marked my account PIF, or was not authorized ACH debit on my account tries and take my money on any future ac counts held I smell a law suit!! :twisted: I wish!! Besides the charges would be reversed automatically by your bank because that is fraudelaunt activity.

Good luck Kellerwerks. I'm glad you got the information you were looking for.